China on Tuesday slapped tariffs on U.S. imports in a rapid response to new U.S. duties on Chinese goods, renewing a trade war between the world's top two economies as President Donald Trump sought to punish China for not halting the flow of illicit drugs.

China has reiterated its threat to take “necessary countermeasures to defend its legitimate rights and interests” following President Donald Trump’s decision to impose 10% tariffs.

China's finance ministry said it would impose levies of 15% for U.S. coal and 10% for crude oil, farm equipment and some cars.